Before the introduction ofGST, there were multiple taxes, such as the service tax, central excise, and state value-added tax (VAT). However, GST is just one tax with three categories—IGST, SGST, and CGST—that depend on whether the performed transaction is intrastate or interstate. What de...
The full form of SGST under GST law is State Goods and Service Tax aka State GST, which is one of the tax components of GST in India. Read to know the SGST Act 2017 in detail.
GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax tha...
Section 7 of Model Law GST, The charging section provides that all intrastate supply would be liable to GST, Rate of Taxes, Manner and collection of Tax and the Person who are liable to pay such Tax. CGST/ SGST is the Levy in Two Parts: Firstly in the hands of the Supplier Secondly ...
All the value added systems in India fall under multistage goods and service tax law. This is completely dependent on the state and the type of trade. The whole nation is under GST. Each and every point of sale is taxed under the GST system. Sales that take place inside one state are ...
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